CESC to raise Rs 250 cr via secured NCD private placement

Fund Raising View source PDF Explain this filing

CESC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹165.51

prior close

₹165.59

announcement price

In-mkt

timing

Nifty Smallcap 250market+1.4%-1.0% vs market

Power peers, median of 36sector · industry level+0.8%-0.5% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Smallcap 250 and 0.5 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+1.4-1.0+0.8-0.5

Next day

-0.8+1.5-2.3+0.8-1.5

-1.3+2.2-3.6+0.4-1.7

-2.0+2.4-4.4-0.2-1.8

-1.0+2.4-3.4-0.8-0.2

-0.5+2.4-2.9-0.9+0.4

-1.8+2.3-4.2-2.3+0.4

15d

-6.1+2.5-8.7-2.9-3.2

-10.6+2.9-13.5-5.9-4.7

-19.3-1.5-17.8-8.2-11.1

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UpDownMarket · Nifty Smallcap 250Sector · Power peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CESC board committee approved issuing 25,000 secured, unlisted, redeemable NCDs of Rs 1 lakh each, totalling Rs 250 crore via private placement. Coupon is floating at 3-month T-Bill rate plus 2.60 percent per annum, paid monthly. Tenure about 9 years 10 months, maturing June 30, 2036. Secured by first ranking charge on assets with 1.25x cover.

Likely market impact

Debt raise of Rs 250 cr with no equity dilution; floating rate exposes CESC to interest rate risk.